Solo 401 K Loan: What Could Go Wrong Without Proper Knowledge?
December 15, 2017
Some circumstances require urgent attention and your retirement savings can offer the much needed financial cushion. If you’re an owner-only business or self-employed professional with a Solo 401k plan, the IRS allows you to borrow from your retirement plan. You can avail a Solo 401 k loan of up to $50,000 or 50% of your plan assets. Interesting! However, there’s more to learn before borrowing from your retirement savings.Can You Borrow From Your Solo 401k Plan?One of the prerequisites of availing a Solo 401 k loan is its provision in your plan adoption documents. Solo 401k plans provided by financial institutions for no…
Infographic: How to Invest in Real Estate with Retirement Funds
November 07, 2017
“The major fortunes in America have been made in land.” ~ John D. RockefellerIf one of the richest men in the American history sees real estate as an opportunity, chances are that you will too. Real estate has proven to be one of the consistent favorites of wealthy men throughout the history, let it be Andrew Carnegie or Warren Buffett. The Oracle of Omaha, Mr. Buffett even went on to say, “If I had a way of buying a couple hundred thousand single-family homes, I’ll load up on them.”If you’re a real estate investor, you may already agree with these…
Use Your Retirement Money to Invest in Real Estate!
August 08, 2017
If you’re a full-time real estate investor, you probably have some properties reserved to fund your retirement. However, if you’re a regular investor trying to diversify your portfolio through real estate investments, you may find it difficult to fund the purchase of a property. What is the best way to gain real estate exposure without additional financial burden?Use your retirement money to invest in real estate!Yes, it is possible and the IRS allows investing in real estate for your retirement.How to Buy Real Estate With Your Self-Directed Solo 401k Retirement Plan?Open a self-directed Solo 401k retirement account.Fund your account through eligible…
How To Achieve Financial Independence With Your Small Business?
May 09, 2017
Owning and operating a small business is a popular trend in the U.S. According to a report, more than 28 million small businesses operate in the country out of which, 22 million are self-employed, with no additional employees.When it comes to self-employment, a lot of people consider financial independence as one of its biggest perks. However, not all the small business owners pay enough attention towards saving for their future. A survey conducted by BMO Wealth Management found that three-quarters of small business owners had retirement savings below $100,000. Financial obligations of the business often come in the way of…
How to Start a Real Estate Business with Your Retirement Funds
April 19, 2017
Find out how you can use your retirement funds to get started with real estate investing. Leverage your retirement account with a self-directed IRA or Solo 401k plan.
Investing Infographics: 7 Retirement Savings Goals For 2017
February 17, 2017
A little financial planning for the year would do no harm. Our team has put together a small list of goals and saving tips for 2017 that will help you achieve financial freedom and boost your retirement savings in 2017.Save Your Raise: It’s really tempting to get that new SUV you had your eyes on, but when thinking rationally, do you really require that? Put your needs before your wants and direct at least a portion of your raise towards your retirement funds.Get a 401k Match: If your employer offers a 401k match, make sure to match those contributions. It’s…
How To Diversify And Grow Your Retirement Portfolio
January 13, 2017
How do you feel about staking your entire future on the stock market? Risky, right! Who would do that? Surprisingly enough, a lot of investors are putting their money in the stock market directly or indirectly. If you rather invested in bonds to minimize the risk, you’re unlikely to gain the returns necessary to fund your retirement. That along with the changing federal interest rates makes bonds an unattractive investment option. So, how do you invest for retirement while minimizing your risk and still pocketing handsome returns? Investing in alternative assets with a self-directed IRA is an option to look…
How to Use Solo 401K Funds For Real Estate Investing
December 07, 2016
Investing in real estate using retirement funds is an often discussed topic in real estate events but there is still a lot of confusion about the right way to do it. To make things clear, it does require a certain level of understanding and with the help of professional retirement service providers, you can successfully purchase real estate with your Solo 401K plan. Here is a great 401K Investing Inforgraphic for you investors followed by – 4 Steps to Invest in Real Estate with your Solo 401K Plan.4 Steps to Invest in Real Estate with your Solo 401K PlanEstablish &…
Young Entrepreneurs & Real Estate Investors – 6 Money Tips
November 04, 2016
Entrepreneurs have to wear many hats. One of their key responsibilities is to understand and properly manage their business’s finances. But they must also be careful with how they handle their own money.Here are smart financial steps every young entrepreneur should consider.1. Separate Business and Personal FundsIt’s common for entrepreneurs to use their personal assets as startup capital. But as your business grows, it’s crucial to separate your personal and business funds. Simply knowing which is which is not enough; you must be able to prove the same to the IRS. For instance, in the case of an IRS audit,…
Real Estate Investing with 401k Funds Had Investor Face the IRS & US Tax Courts
September 30, 2016
If you’re an active real estate investor or have attended several real estate meet-ups to learn more, investing in real estate using your retirement funds must be a familiar topic. Over the past couple of years, self-directed retirement accounts have gained popularity and along with them the news of their alternative investing capacity. As a retirement solution company, we suggest our clients to diversify their assets but not at the expense of having the US Tax Court after them.Here is a case study that will have you understand the importance of thorough research before accessing your 401k funds.The US Tax…